Shakti Pumps finalizes qualified institutional placement of equity shares

Shakti Pumps (India) Limited has finalized its qualified institutions placement (QIP), as approved during the Treasury Committee meeting held on July 5, 2025. The company successfully allotted 3,187,365 equity shares with a face value of INR 10 each to eligible qualified institutional buyers. The issue price was fixed at INR 918 per equity share, including a premium of INR 908 per share, representing a 4.97% discount to the floor price of INR 965.96.